Writer-Directors and Writer-Producers. If the budget of the Picture is under Five Hundred Thousand Dollars ($500,000) and the Writer is also the director and/or the producer on the Picture, all compensation owed to the Writer may be deferred on terms equal to or more favorable than those for the person who performs directing services. If the budget of the Picture is Five Hundred Thousand Dollars ($500,000) or over but not more than One Million Two Hundred Thousand Dollars ($1,200,000) and the Writer is also the director and/or the producer on the Picture, Company shall within ten days of execution of this Agreement pay Ten Thousand Dollars ($10,000) to the Writer, said monies to be applied against any deferred monies owed to the Writer, with the deferred amount being paid on terms equal to or more favorable than those for the person who performs directing services.
